GigCapital7 Corp. (NASDAQ:GIG) Short Interest Update

GigCapital7 Corp. (NASDAQ:GIG) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 47,311 shares, a drop of 28.2% from the December 15th total of 65,866 shares. Based on an average daily trading volume, of 71,303 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 71,303 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On GigCapital7

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC increased its holdings in GigCapital7 by 4.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 586,705 shares of the company’s stock valued at $6,090,000 after purchasing an additional 22,729 shares in the last quarter. Wealthspring Capital LLC bought a new position in GigCapital7 in the 2nd quarter valued at $832,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of GigCapital7 in the 2nd quarter valued at $5,270,000. Radcliffe Capital Management L.P. bought a new stake in shares of GigCapital7 during the second quarter worth $163,000. Finally, Moore Capital Management LP acquired a new position in shares of GigCapital7 during the third quarter valued at $528,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GigCapital7 in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GigCapital7 currently has a consensus rating of “Sell”.

GigCapital7 Trading Up 0.2%

NASDAQ:GIG traded up $0.02 during mid-day trading on Monday, hitting $10.57. 45,457 shares of the company’s stock traded hands, compared to its average volume of 99,496. The firm has a 50 day moving average of $10.51 and a two-hundred day moving average of $10.53. The firm has a market capitalization of $352.30 million, a price-to-earnings ratio of 117.44 and a beta of 0.05. GigCapital7 has a 12 month low of $10.02 and a 12 month high of $12.50.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter.

About GigCapital7

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.